Corporation Tax

Priti Patel: To ask the Chancellor of the Exchequer if he will estimate the cost to the Exchequer of lowering the 20 per cent small profits rate tax band to (a) 19, (b) 18, (c) 17, (d) 16 and (e) 15 per cent.

David Gauke: HMRC publish National Statistics which show illustrative tax changes and their associated costs in Table 1.6 of the Tax expenditures and ready reckoners release.
	http://www.hmrc.gov.uk/stats/tax_expenditures/menu.htm

Income Tax: Rates and Rating

Priti Patel: To ask the Chancellor of the Exchequer if he will estimate the cost to the Exchequer of lowering the 40 per cent income tax band to (a) 30, (b) 38, (c) 37, (d) 36, (e) 35, (f) 34, (g) 33, (h) 32, (i) 31 and (j) 30 per cent.

David Gauke: The Exchequer costs of lowering the higher rate of income tax can be approximated from Table 1.6 ‘Direct effects of illustrative tax changes’, available on the HM Revenue and Custom's website at:
	http://www.hmrc.gov.uk/stats/tax_expenditures/table1-6.pdf
	Where appropriate costs include estimates of the direct behavioural responses from marginal rate changes. For very large rate changes these responses are more uncertain.

Income Tax: Rates and Rating

Priti Patel: To ask the Chancellor of the Exchequer if he will estimate the cost to the Exchequer of lowering the 20 per cent income tax band to (a) 19, (b) 18, (c) 17, (d) 16 and (e) 15 per cent.

David Gauke: The Exchequer costs of lowering the basic rate of income tax can be approximated from Table 1.6 "Direct effects of illustrative tax changes", available on the HM Revenue and Custom's website at:
	http://www.hmrc.gov.uk/stats/tax_expenditures/table1-6.pdf